EU removes Panama from tax haven blacklist
The updated list now includes eight jurisdictions after both countries improved tax transparency and compliance with EU standards.
- On Oct 9, the European Union removed Panama from its tax haven blacklist after the country reformed a "harmful" regime of exemptions for foreign-source income.
- The European Union established this blacklist in 2017 following the Panama Papers scandal; Panama remained on it since 2020 until today's removal.
- Panama secured removal by implementing legal reforms, including making tax evasion a criminal offense and improving tax-information sharing with international authorities.
- Panamanian President José Raúl Mulino welcomed the decision in a video, calling it a "great victory" that is "opening the door to new investments."
- Eight jurisdictions remain on the updated blacklist, including Russia and Vanuatu, as the European Union continues enforcing international tax governance standards.
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Ten years after the "Panama Papers" Brussels removes Panama and Vietnam The post EU: Revises the list of tax havens appeared first on in.gr.
نُشر هذا مقاعد ولاً عبر Cedarnews.net. To follow more of the news and reports, click on our website. According to the source Vietnam.vn (GLO) - The Council of the European Union (EU) decided on 9-10 October removes Vietnam from the list of countries that do not. تم نشر هذا الخبر عبر موقع Cedarnews الشبابري. For more information, visit our official website.
The decision was taken by the finance ministers of the European Union during a meeting in Luxembourg.
The European Union decided on Friday to remove Panama and Vietnam from its list of non-cooperative jurisdictions for tax purposes, following progress made by the two countries in complying with international standards. The update brings the number of countries and territories on the European list to eight.
The European Union announced Friday that it withdrew Panama and Vietnam from the European list of tax havens, following progress made by the two countries.
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